Announced

Completed

Stryten Energy completed the acquisition of Galvion Vehicle Power.

Synopsis

Stryten Energy, a manufacturer of innovative battery solutions, completed the acquisition of Galvion Vehicle Power, a provider of energy storage services. Financial terms were not disclosed. “Energy storage solution companies like Stryten Energy are critical to strengthening America’s supply chain and ensuring access to advanced lead and lithium battery technologies. We are excited to welcome Galvion’s experienced Vehicle Power team to Stryten Energy. The addition of their extensive lithium battery knowledge to our Research and Development group, as well as Galvion’s Vehicle Power Division assets, will provide our customers with next-generation lithium battery technology. This acquisition further solidifies our ability to help lead the transition to a clean energy economy," Tim Vargo, Stryten Energy CEO.

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